Altfest L J & Co. Inc. Boosts NVIDIA Co. (NASDAQ:NVDA) Stock Holdings

Altfest L J & Co. Inc. Boosts NVIDIA Co. (NASDAQ:NVDA) Stock Holdings


Altfest L J & Co. Inc. lifted its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,763 shares of the computer hardware maker’s stock after purchasing an additional 106 shares during the quarter. Altfest L J & Co. Inc.’s holdings in NVIDIA were worth $1,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Northcape Capital Pty Ltd grew its holdings in shares of NVIDIA by 266.5% in the fourth quarter. Northcape Capital Pty Ltd now owns 4,083 shares of the computer hardware maker’s stock valued at $2,022,000 after purchasing an additional 2,969 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth about $304,000. Cornell Pochily Investment Advisors Inc. boosted its stake in NVIDIA by 3.5% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 9,768 shares of the computer hardware maker’s stock worth $4,838,000 after buying an additional 329 shares during the period. West Wealth Group LLC boosted its stake in NVIDIA by 1.8% during the fourth quarter. West Wealth Group LLC now owns 1,836 shares of the computer hardware maker’s stock worth $909,000 after buying an additional 32 shares during the period. Finally, Procyon Advisors LLC boosted its stake in NVIDIA by 9.0% during the fourth quarter. Procyon Advisors LLC now owns 32,512 shares of the computer hardware maker’s stock worth $16,100,000 after buying an additional 2,679 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NVDA. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a research note on Tuesday, March 19th. Morgan Stanley increased their price target on shares of NVIDIA from $750.00 to $795.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. CICC Research initiated coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Argus increased their price target on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Jefferies Financial Group increased their price target on shares of NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

Check Out Our Latest Stock Analysis on NVDA

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares in the company, valued at approximately $24,696,719.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction on Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at approximately $24,180,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock worth $64,853,077 in the last three months. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $903.56 on Friday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.26 trillion, a PE ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The company’s 50 day simple moving average is $778.63 and its 200-day simple moving average is $577.15. NVIDIA Co. has a 12-month low of $262.20 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

See Also

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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